DG vs MXF: Correlation
How closely do Dollar General (DG) and Mexico Fund, Inc. (The) (MXF) trade together? Their weekly returns over three years give a correlation of 0.34, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DG and MXF?
On 3 years of weekly data the DG/MXF correlation comes out at 0.34, moderate. The relationship has been stable: the 1-year correlation (0.34) sits close to the 3-year figure. The 5-year figure is 0.24, and annualized covariance runs at 275.0 %².
Among the 32 assets we track against DG, MXF ranks #4 by 3-year correlation. Over the last 12 months MXF came out ahead by 14.0 percentage points (+15.5% against +29.5%). Risk is not evenly split, since DG carries 1.8 times the volatility of the other side.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
DG vs MXF: side by side
| DG (Dollar General) | MXF (Mexico Fund, Inc. (The)) | |
|---|---|---|
| 1-year return | +15.5% | +29.5% |
| 5-year return | -39.3% | +82.1% |
| Volatility (ann.) | 38.5% | 21.3% |
| Beta vs S&P 500 | 0.11 | 0.67 |
| Max drawdown (3Y) | -56.6% | -30.7% |
| Market cap | $27.8B | $0.3B |
| P/E (trailing) | 17.4 | 3.4 |
| Dividend yield | 0.00% | 5.43% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | DG | MXF |
|---|---|---|
| 2022 | +5.6% | -1.7% |
| 2023 | -44.1% | +35.8% |
| 2024 | -43.1% | -27.1% |
| 2025 | +79.6% | +61.9% |
| 2026 | -3.8% | +14.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DG and MXF good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between DG and MXF?
Using weekly returns as of 2026-08-27: 0.34 over 3 years, with 0.34 over the last year and 0.24 over 5 years.
Is MXF a good diversifier for DG?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.34 mean?
On the −1 to +1 scale, 0.34 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dg-vs-mxf.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dg-vs-mxf/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DG correlations · MXF correlations
